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VCSC Daily - Market pops, buyers return

Our view: As the market was expecting an increase in gasoline price by more than VND1,000/litre, the actual price adjustment by just VND650/litre late yesterday was received quite positively in today’s trading session. In addition, the slowdown of inventory index growth in August as released by the Government Statistics Office also implied stronger aggregate demand, showing the potential of improved corporate earnings in the last two quarters.